Outcome of Board Meeting

Ashapura Intimates Fashion Limited CIN: L17299MH2006PLC163133 Registered Office: Shop No 3-4 Ground Floor, Pacific Plaza, Plot No 507, TPS IV, Off B.S. Road, Mahim Division, Dadar-W, Mumbai, Maharashtra, India, 400028 Corporate Office: C-806, Titanium City Centre, Nr. Sachin Tower, 100 ft Anand Nagar Road, Satellite, Manekbag, Ahmedabad, Gujarat, India, 380015 ✉ ashapuraintimatesfashionltd@gmail.com| 🌐 ashapuraintimates.in|📞 +91-8460775708 Date: 28.10.2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Listing Department Exchange Plaza, P J Towers, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051 Scrip Code: 535467 Scrip Symbol: AIFL Sub: Outcome of Board Meeting of the Company Dear Sir/Ma’am, With reference to the Regulation 30 of SEBI (LODR) Regulation, 2015, we hereby submitting the Outcome of the Board Meeting of the Company held as on Today i.e. 28th October, 2026. Following Businesses where transacted in the Board Meeting: 1. Allotment of 5,00,000 Equity Shares to the Existing Public Shareholders upon the Reduction of Share Capital. The Board of Directors has considered and approved the proposal of cancellation, extinguishment and permanent discharge of 2,14,90,714 (Two Crore Fourteen Lakh Ninety Thousand Seven Hundred Fourteen) Equity Shares of ₹10/- (Rupees Ten) each held by the Public Shareholders of the and upon such effect to the cancellation, extinguishment and permanent discharge of 2,14,90,714 Equity Shares of ₹10/- each held by the Public Shareholders on Record Date i.e. 26th October, 2026, the Board of Director of the Company further allot 5,00,000 (Five Lakh) new Equity Shares of ₹10/- (Rupees Ten) each, fully paid- up, to the eligible existing Public Shareholders of the Company, in the ratio of 1 (One) new Equity Share in place of every 43 (Forty-One) existing Equity Shares held by them, whose names appear in the Register of Members of the Company as on Record Date i.e. 26.10.2026. The Details of the Capital Reduction is mentioned as per the SEBI Circular No.: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 as per Annexure-1. Please take the same on your record. The Meeting of Board of Directors Started at 04:30 PM and Concluded at 05:10 PM. Thanking you. For, Ashapura Intimates Fashion Limited Nikunj Shah Managing Director DIN: 09677879 Ashapura Intimates Fashion Limited CIN: L17299MH2006PLC163133 Registered Office: Shop No 3-4 Ground Floor, Pacific Plaza, Plot No 507, TPS IV, Off B.S. Road, Mahim Division, Dadar-W, Mumbai, Maharashtra, India, 400028 Corporate Office: C-806, Titanium City Centre, Nr. Sachin Tower, 100 ft Anand Nagar Road, Satellite, Manekbag, Ahmedabad, Gujarat, India, 380015 ✉ ashapuraintimatesfashionltd@gmail.com| 🌐 ashapuraintimates.in|📞 +91-8460775708 Annexure 1 Additional Information as per the SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated 13th July, 2023 are as follows: Sr. Particulars Details 1. Type of Capital Reduction of Capital Restructuring 2. Reason for Capital As per the Order passed the National Company Law Restructuring Tribunal, Mumbai Bench as on 03rd June, 2025 the entire capital of the Company stand cancelled and extinguished and 5,00,000 New Equity Shares will be issued to the Existing Public Shareholders on Record Date. 3. No. of Shares allotted There are 5,00,000 Equity Shares allotted to the existing upon Reduction Public shareholders on Record date i.e. 26.10.2026 4. Ration of Allotment 1:43 (Shareholders in Non-Promoter Category will receive New Shares upon 1 new Equity Shares in place of Every 43 Existing Equity Reduction Shares) 5. Effect of Promoter and The Entire Pre Reduction Shareholding of Promoter and Promoter Group Promoter Group will be extinguished and cancelled and will not receive any shares upon reduction. 6. Pre-Post Reduction Category Pre-Reduction Post Reduction Shareholding No. of % of No. of % of Shares Shares Shares Shares Promoter 37,20,692 14.76 0 0.00 Promoter Group Public 2,14,90,714 85.24 5,00,000 100.00 Total 2,52,11,406 100.00 5,00,000 100.00